Stephen Parnham Taxation Limited
Cheltenham Chartered Tax Advisers
Advising throughout the UK
From 6 April 2016, the notional 10% tax credit on dividends is abolished and a £5,000 tax free dividend allowance is introduced. Dividends above this level are taxed at 7.5% (basic rate), 32.5% (higher rate), and 38.1% (additional rate). Dividends received by…
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Dividends have been a very tax-efficient way of making savings in national insurance contributions and income tax contributions for a number of years, with many business owners and shareholders choosing a smaller salary, plus an additional remuneration package paid as…
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The House of Lords’ Economic Affairs Finance Bill Sub-Committee have said that changes to the taxation of savings and dividends included in the Draft Finance Bill 2016 and due to operate from next month are complex and confusing and have been…
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You may be forgiven for regarding last weeks Autumn Statement as being a little on the bland side as far as taxation goes but if you are in business or are involved with investment properties then you really do need…
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Tax policies introduced during the first decade of the 21st century encouraged the use of companies as a trading vehicle. The result was that many traditionally self-employed people incorporated their businesses, took salaries equal to the income tax personal allowance…
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The Finance Bill 2016 will abolish the 10% tax credit on dividend income, which will cease to be grossed up in personal tax computations from 6 April 2016. It will be replaced by a so called £5,000 dividend tax allowance….
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